GST Helpdesk   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
GST - Acts SGST - Acts GST - FAQ GST Rates, Exemption CGST Notif. IGST Notif. Exempt Income Salary income
Extracts
Home List
← Previous Next →

Amendment of section 49.

Clause 25 - Bill - DIRECT TAXES - Income-tax - Bill - Clause 25 - 25. In section 49 of the Income-tax Act,- (a) in sub-section (1), in clause (iii), in sub-clause (e), after the word, brackets, figures and letter clause (vib) , the words, brackets, figures and letter or clause (vic) shall be inserted with effect from the 1st day of April, 2018; (b) after sub-section (2AD), the following sub-section shall be inserted with effect from the 1st day of April, 2018, namely:- (2AE) Where the capital as .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

fund scheme, became the property of the assessee in consideration of a transfer referred to in clause (xix) of section 47, the cost of acquisition of the asset shall be deemed to be the cost of acquisition to him of the unit or units in the consolidating plan of the scheme of the mutual fund. ; (d) in sub-section (4), after the words, brackets, figures and letter or clause (viia) at both the places where they occur, the words, brackets and figure or clause (x) shall be inserted; (e) after sub-s .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

cost of acquisition of such specified capital asset shall be deemed to be its stamp duty value as on the last day of the second financial year after the end of the financial year in which the possession of the said specified capital asset was handed over to the assessee. Explanation.-For the purposes of this sub-section, stamp duty value means the value adopted or assessed or assessable by any authority of the State Government for the purpose of payment of stamp duty in respect of an immovable .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version